North America Infusion Pumps Market, Size, Segment and Growth by Forecast Period: (2021-2031)
North America Infusion Pumps Market to Reach US$ 6,974.6 Million by 2025, Growing at a CAGR of 6.5%
The North
America infusion pumps market is projected to grow from US$ 4,488.1
million in 2018 to US$ 6,974.6 million by 2025, expanding at a compound
annual growth rate (CAGR) of 6.5% from 2019 to 2025. Key drivers of
this growth include the rising prevalence of chronic diseases, an
increasing number of surgical procedures, and a growing geriatric population.
However, market expansion may be hindered by frequent product recalls
and stringent regulatory requirements.
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Market Growth Drivers
Infusion pumps are widely utilized in hospitals,
nursing homes, and home care settings to administer medications such
as insulin, antibiotics, chemotherapy drugs, and pain relievers.
The increasing incidence of chronic conditions like diabetes, cancer,
and heart failure is significantly boosting demand.
- Diabetes:
According to the International Diabetes Federation (IDF),
North America had 46 million diabetic patients in 2017, a
number expected to rise to 62 million by 2045—a 35%
increase.
- Cancer:
The World Health Organization (WHO) reported cancer as
the second-leading cause of death globally, responsible
for 9.6 million deaths in 2018. In the U.S. alone, the American
Cancer Society estimated 1.7 million new cancer cases that
year.
- Heart
Failure: Approximately 5 million Americans suffer
from congestive heart failure (CHF), as per Emory
Healthcare (2018), further driving the need for infusion therapy.
U.S. Dominates the North America Market
The U.S. holds the largest market share in
North America, fueled by:
- Rising
cases of diabetes, obesity, and hormonal disorders
- Growing geriatric
population requiring steady drug delivery
- Technological
advancements in infusion pump systems
- Favorable
reimbursement policies and increasing patient awareness
Company Profiles
- BD
- Terumo
Corporation
- F.
Hoffman-La Roche Ltd
- B.
Braun Melsungen AG
- Medtronic
- Baxter
- Smith
Medical
- Moog
Inc.
- ICU
Medical, Inc.
- Insulet
Corporation.
Strategic Insights: North America Infusion Pumps Market
Gain a competitive edge in the North America infusion pumps
market with data-driven analysis that uncovers key trends, major players, and
regional dynamics. These strategic insights deliver actionable recommendations,
empowering stakeholders—whether manufacturers, investors, or healthcare
providers—to identify untapped opportunities and craft differentiated value
propositions.
By leveraging advanced analytics, industry players can
anticipate market shifts, adapt to evolving demands, and position themselves
for sustained growth. A forward-looking perspective ensures preparedness for
emerging challenges and opportunities in this fast-evolving sector.
With these insights, stakeholders can make informed,
profit-driven decisions that align with long-term business goals, securing a
strong foothold in the North American infusion pumps market.
North America Infusion Pumps Regional Insights
The geographic scope of the North America Infusion Pumps
refers to the specific areas in which a business operates and competes.
Understanding local distinctions, such as diverse consumer preferences (e.g.,
demand for specific plug types or battery backup durations), varying economic
conditions, and regulatory environments, is crucial for tailoring strategies to
specific markets. Businesses can expand their reach by identifying underserved
areas or adapting their offerings to meet local demands. A clear market focus
allows for more effective resource allocation, targeted marketing campaigns,
and better positioning against local competitors, ultimately driving growth in
those targeted areas.
About Us:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Dรฉfense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications
Author's Bio
Akshay
Senior Market Research Expert at Business Market Insights
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